T20 breakout stocks: Best swing trading stocks to keep an eye on!

Nifty ended Thursday’s session almost flat and the day was confined to just 76 points, which is half of the 10-day average of Nifty’s range.   

The broader markets were buoyant on Thursday with Nifty Midcap 100 and Smallcap 100 adding 0.29 per cent and 0.64 per cent, respectively. Interestingly, Nifty Smallcap index has signed off the week by logging a fresh record high.   

Sectoral performance was even-steven with Nifty Media & FMCG emerging as the top gainers while on the flip side, Nifty Realty and Nifty Financial Services were the top losers.   

We expect the markets to undergo healthy consolidation amid stock-specific action while the sectoral rotation would continue.    

So, here is the list of stocks, which should be on your radar based on the T20 breakout system:  

Caplin Point Laboratories: The stock has managed to close near its day’s high and volume for the day was the highest since July 26. Hence, keep a close watch on this stock.   

BSE: The stock has made its way into the list as it closed above the 20-day high and volumes are also higher in the last 20 days. Hence, it needs to be on the watch list of swing traders.     

Dish TV India: The stock has logged a fresh 52-week high and also, touched upper circuit limit of the day along with a huge spurt in the volume.

IDFC: The stock had witnessed a trending day on Thursday and also, closed in the top quartile of the day’s range along with a rise in the volume. Hence, traders can monitor this stock.   

Power Finance Corporation (PFC): The stock has made its way into the list as it closed above the 20-day high while volumes are higher in the last 20 days. Traders can keep a watch on this stock.    

Rain Industries: The stock recorded its highest single-day volume since July 9 and most of the volume recorded was seen in the first half of the trading session while price move too was witnessed during the same time period. Thereafter, the stock traded in a range. Keep a watch on this stock.   

Vinati Organics: The stock has recorded its highest single-day volume since July 7 and the bulk of the volume was seen in the last half of the trading session along with the price rise. Hence, keep a close watch on this stock.